FX.co ★ Daily analysis of USDX for June 28, 2016

USDX continues rallying above the 200 SMA on the H1 chart, and the bullish consolidation is still in place. The next resistance lies around the 96.60 level, where a breakout should happen for another advance to the 97.19 level, where a pullback would perform a corrective move. The moving average mentioned above is slightly bullish, but the MACD indicator remains in negative territory, pointing to a correction.

H1 chart's resistance levels: 96.60 / 97.19

H1 chart's support levels: 95.89 / 95.20

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 96.60, take profit is at 97.19, and stop loss is at 96.00.